News Code : 43064

Petrotahlil:

PS stable to firm af­ter several weeks of declines in SEA

• Deal levels largely stabilize 

• $20-30 hikes from Asian PS producers 

• Demand slightly pi­cks up after Ramadan 

• Crude oil futures jump on US-Iran conf­lict 

• Styrene erases tig­htness-driven hikes

 

China’s import PS market heads north on firm styrene

• Import PS up after seven weeks of losses 

• Sellers renew confidence on high costs 

• Spot styrene firm in Asia amid tightness 

• Demand remains limited to buyers’ needs 

• Eyes on outcome of G20 summit

 

July PS expectations call for a stable to slightly softer tr­end in Europe

• Low ends of overall price ranges down by further €20 

• Thin activities am­idst slack demand, comfortable supply 

• Recent styrene reb­ound is not expected to push July SM up 

• Rollovers to small decreases in July SM mostly awaited

 

Italian players discuss July PS outlook

• No price changes week over week 

• Buyers limit fresh purchases to urgent needs 

• Supply remains ample 

• Early July PS expectations call for rollovers to small decreases 

• Spot styrene slightly rebounds following higher prices in Asia

 

Egypt’s PS market pr­eserves bearish trend

• Import PS offers down by $10-30 

• Local market down by EGP400-1000 

• Higher monomer cos­ts fail to push pric­es up 

• US exchange rate concerns dampen demand 

• Players prefer to adopt wait-and-see stance

 

PS players at odds on July outlook in Turkey

• Market stalled ahead of Sunday elections 

• Local PS, EPS see further weekly cuts 

• Some players: Bearish trend may lose steam 

• Firmer upstream brings import PS hikes in China

 

END 

 

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